Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2746. (Read 26714345 times)
November 16, 2022, 11:01:17 AM
November 16, 2022, 10:58:11 AM
My bitcoin transaction on SEGWIT taking more than 20 minutes to complete with 60% fees overpay. 
mempool is over 120mb for the last two days!.. my node is showing 250MB with 20,500 unconfirmed transaction... not getting confirmed for a while.. i have 2 pending transaction (1sat/vbyte)!..
and average confirm time today is about 70mins....
Use LN!
Damn, so much traffic on the bitcoin highway this week.
I am transferring from Ledger to Ledger, not sure how LN works.
EDIT: Just realized, I am now a legendary member
Congratulations!
November 16, 2022, 10:38:51 AM
So ...
Just flow with me here for a sec... What if this whole FTX thing was really a set-up. Powers that be come in... got SB-F hooked on SOMETHING. Have you seen the videos of him vibrating like a diesel engine? Then nudge him further and further into the red 'till they set up the collapse. Have legislation ready in the countries they control to try to bring the whole thing down over a few weeks...
Nah. Just a ponzi prolly.
Just flow with me here for a sec... What if this whole FTX thing was really a set-up. Powers that be come in... got SB-F hooked on SOMETHING. Have you seen the videos of him vibrating like a diesel engine? Then nudge him further and further into the red 'till they set up the collapse. Have legislation ready in the countries they control to try to bring the whole thing down over a few weeks...
Nah. Just a ponzi prolly.
I'm just going to quote this from time to time until I either come out dead wrong, or...
Well let's hope for dead wrong.
Occam's razor says that greed and stupidity of hoi polloi is far more powerful than any lizard conspiracy could hope to be.
Not this time.
I just read an article about this "Effective Altruism" movement and I don't think you can even dissect this particular event with Occam's razor without cutting yourself in the process. The "hoi palloi" got nothing on these fuckin' unstable freaks-on-crank trying to maximize "good" without even knowing what "good" looks like. Not only did they belong to an elitist organization (who, for the most part, look specifically like turtles with bad teeth rather than the more general "reptilian" description) but they were also able to garner a membership into a global cabal of other "reptilians" who consider themselves "elite" in order to pull this off (referring to the "invite only" WEF here). They were able to gain credibility and influence by linking themselves with other well-known members of that organization publicly to gain the trust of the "hoi palloi", steal their money and use it to buy themselves even more influence and a private jet so they could do "good" at a frenetic pace.
Spoiler alert: The final paragraph of the article below and they don't even say he's a sociopathic fraudster (on meth)... it's as if they're making excuses for his behaviour and the author implies that Sam will be back.
Bankman-Fried once said that he’d got into cryptocurrency only to make money as quickly as possible and help finance the main goals of the effective-altruism movement. He was a proponent of the longtermist ethos, in which prediction and speculation are often indistinguishable and obligations to a probabilistic future outweigh those to the material present. Effective altruism is ultimately a gamble. Bankman-Fried placed his bet. For now, he has lost.
archived full version:
https://archive.ph/8gTiJ
November 16, 2022, 10:31:28 AM
This raft is slowly filling up with new passengers, and now I'm thinking that it would be fair to put them all on one such raft and give them their worthless tokens and send them off into the endless blue ocean - maybe the whales would have mercy, and maybe not
November 16, 2022, 10:11:35 AM
Bitcoin may return in 2023.
Horseshit
It never went anywhere
November 16, 2022, 10:04:09 AM
Bitcoin may return in 2023.
November 16, 2022, 10:01:21 AM
November 16, 2022, 09:50:30 AM
Quote
I think in all fairness, I should explain to you exactly what it is that I do. For instance tomorrow morning I'll get up nice and early, take a walk down over to your exchange office and... walk in and see and, uh... if you don't have my Bitcoin for me, I'll... crack your fuckin' head wide-open in front of everybody in the office. And just about the time that I'm comin' out of jail, hopefully, you'll be coming out of your coma. And guess what? I'll split your fuckin' head open again. 'Cause I'm fuckin' stupid. I don't give a fuck about jail. That's my business. That's what I do.
November 16, 2022, 09:38:15 AM
Quote
Chief Executive Officer Derar Islim admitted that withdrawal requests exceeded current liquidity at Genesis Global Capital, the lending arm; but made it clear that Genesis's spot and derivatives trading and custody businesses “remain fully operational.”
Quote
The contagion of Genesis lending issues has already hit one large firm, as Gemini Trust Co., the cryptocurrency platform run by the Winklevoss brothers, has halted withdrawals from its Earn program:
November 16, 2022, 09:01:17 AM
November 16, 2022, 08:49:13 AM
World population is also following inflationary model.
November 16, 2022, 08:01:17 AM
November 16, 2022, 07:24:39 AM
My bitcoin transaction on SEGWIT taking more than 20 minutes to complete with 60% fees overpay.
mempool is over 120mb for the last two days!.. my node is showing 250MB with 20,500 unconfirmed transaction... not getting confirmed for a while.. i have 2 pending transaction (1sat/vbyte)!..
and average confirm time today is about 70mins....
Use LN!
Damn, so much traffic on the bitcoin highway this week.
I am transferring from Ledger to Ledger, not sure how LN works.
EDIT: Just realized, I am now a legendary member
congrats on new status!... "Use LN" was a sly joke
EDIT: at times like this.. avoid sending on layer 1... i sent those pending transaction (Opened new LN Channels) 1 hours before the mempool started climbing.... last 3 days have been very slow on block confirmation.. could be miners shutting down rigs?...
November 16, 2022, 07:19:57 AM
My bitcoin transaction on SEGWIT taking more than 20 minutes to complete with 60% fees overpay.
mempool is over 120mb for the last two days!.. my node is showing 250MB with 20,500 unconfirmed transaction... not getting confirmed for a while.. i have 2 pending transaction (1sat/vbyte)!..
and average confirm time today is about 70mins....
Use LN!
Damn, so much traffic on the bitcoin highway this week.
I am transferring from Ledger to Ledger, not sure how LN works.
EDIT: Just realized, I am now a legendary member
November 16, 2022, 07:18:16 AM
My bitcoin transaction on SEGWIT taking more than 20 minutes to complete with 60% fees overpay.
mempool is over 120mb for the last two days!.. my node is showing 250MB with 20,500 unconfirmed transaction... not getting confirmed for a while.. i have 2 pending transaction (1sat/vbyte)!..
and average confirm time today is about 70mins....
Use LN!
November 16, 2022, 07:10:33 AM
My bitcoin transaction on SEGWIT taking more than 20 minutes to complete with 60% fees overpay.
November 16, 2022, 07:01:21 AM
November 16, 2022, 06:55:54 AM
UK inflation 11.1%
Surprised they can keep official figures that low to be honest.
"Households are paying 88.9% more for gas and electricity than a year ago."
Maybe we also need a successful wrecking ball "inflation reduction act" filled with mandatory green rules, and forgive student debt, or at least promise to do that just before an election. 10% for the big guy. Or should that be 11%.
Surprised they can keep official figures that low to be honest.
"Households are paying 88.9% more for gas and electricity than a year ago."
Maybe we also need a successful wrecking ball "inflation reduction act" filled with mandatory green rules, and forgive student debt, or at least promise to do that just before an election. 10% for the big guy. Or should that be 11%.
basically, keep the money printing going....
November 16, 2022, 06:01:18 AM
November 16, 2022, 05:36:57 AM
What gives the government power is CBDC and what gives us our own power is BTC, everyone is striving for his own interest https://twitter.com/BitcoinMagazine/status/1592660438986412033?t=VuV93C4QoF510ovIOwX86g&s=19 this is what bitcoin gives in cryptocurrency.
Advise about FTX hack and bitcoin
https://twitter.com/BTC_Archive/status/1590305952070524930?t=2rl74OvrBMaYfIuEb22Y8A&s=19
Advise about FTX hack and bitcoin
https://twitter.com/BTC_Archive/status/1590305952070524930?t=2rl74OvrBMaYfIuEb22Y8A&s=19
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